A Rare Double-Block Development Opportunity in the Heart of Richmond
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PV006 represents a truly unique opportunity secured by Provest Management Group, a large 2,068 sqm double-block site located at 172 Francis Street, Richmond NSW. With two separate titles and R2 Low Density Residential zoning, this site offers exceptional flexibility for future redevelopment while generating strong holding value.
Situated within walking distance of Richmond Station, shops, cafés, schools, parks, and the Richmond Club, the property blends the convenience of town living with the peaceful semi-rural lifestyle Richmond is known for. The area also benefits from close proximity to the RAAF Base, Hawkesbury TAFE, and Western Sydney University, making it a thriving hub with consistent demand.
Property Highlights
- Total Land Size: 2,068 sqm across two registered titles
- Lot A: 1,050 sqm | 16.81 m frontage
- Lot B: 1,018 sqm | 16.15 m frontage
- Zoning: R2 Low Density Residential
- Existing Dwelling: Renovated 3-bedroom home with timber flooring, updated kitchen, air-conditioning, and garage
- Development Potential:
- Renovate and extend
- Build a new dwelling on each title (STCA)
- Long-term staged redevelopment strategy
Why We Selected This Project
This site aligns perfectly with Provest’s strategic acquisition model, large land size, value-add potential, and prime walk-to-everything location. Double blocks of this size are extremely rare in Richmond, creating a strong foundation for staged development, capital growth, and multiple future exit strategies.
Location Benefits
- 5 minutes to RAAF Base, Hawkesbury TAFE & Western Sydney University
- 25 minutes to Penrith
- 45 minutes to the new Western Sydney Airport
- Close to the Richmond Lowlands, Pugh’s Lagoon & polo fields
- A high-demand area for families, professionals, students, and defence personnel